All Forum Posts by: Mark Hoffman

Thanks, @Christopher Brainard. ARV likely $100,000 to $110,000 by comps.

I wasn't going to literally go in there and put in offer down when I don't have the money to back it up. I know that doesn't make sense...... that's why I asked what my options could be.

here's another question... if I wanted to wholesale the property, where do I get a purchase contract and an assignment contract?

The thought crossed my mind!

Thanks for the replies. $30,000 is a rough guess just from the outside and what I could see through the windows. Maybe I'll get lucky. I'm not planning on offering them what they're asking. But as I said, I don't have that much money to work with. My post may have been a little premature. :) I suppose a walk through would help.

Thanks for the help.

So, I think I may have found a good first property to acquire. So far, I think it'd be the best deal to purchase it and rehab it. It's FSBO. A lawn sign lists the owners phone number with the asking price of $60,000. The house clearly needs work on the outside, and judging by that, the inside will more than likely follow suit. If a walk through goes well, I'd be comfortable making an offer. That being said, the property will likely need about $30,000 worth of work.

I have little or no money. So now my question: Where do I get it? Mortgage it through the bank? Hard money? Please help with recommendations!!!

Hello,

Mark here, from Toledo, Ohio. I'm new to real estate investing and very green. At this point, I want to know as much as I can. To be a sponge! I have a career, but I'm interested in investing in real estate for more security and to become debt free.